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Odds Explained

MidnightQueen · 2005-02-23 15:31:57

Just thought this site would be of some help to people that dont really know much about odds, like me. I dont really get part of the quote below where i have it highlighted in black. Where did u get 25 from?? :confused:

23-02-2005 4:31pm

#1

MidnightQueen

Registered Users, Registered Users 2 Posts: 2,601 ✭✭✭

Join Date: February 2004

Posts: 2404

Just thought this site would be of some help to people that dont really know much about odds, like me. I dont really get part of the quote below where i have it highlighted in black. Where did u get 25 from??

chump wrote:

Balance Carried Forward: 100pts

Selections for Tuesday 14th
2.10 Uttoxeter Bad Boy 10pts WIN, Little Willy 5pts EW [Bad Boy WON, Little Willy 2nd]
3.50 Southwell Bunny Boiler 3pts WIN [LOST]

Old Balance: 77pts

Bab Boy 10pts @ 3/1 = 30 + 10 = 40pts
Little Willy placed 5pts @ 20/1 (1/4) = 25 + 5 = 30pts

New Balance = 77 + 40 + 30 = 147pts

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Comments

#2 23-02-2005 4:54pm

masterK

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Join Date: September 2003

Posts: 2502

25 comes from 20/1 divided by 4 multiplied by the stake of 5pts.

When a horse is placed bookmakers usually pay either 1/4 or 1/5 the odds for the place. Therefore if the place is 1/4 the odds and a horse is 20/1 the place will pay 5/1 (20/4). To get the final return you multipy the odds (5/1) by the stake 5 pts to get 25.

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